DuPont de Nemours, Inc. (DD) to Issue Quarterly Dividend of $0.38 on September 16th

DuPont de Nemours, Inc. (NYSE:DD) announced a quarterly dividend on Thursday, June 27th, RTT News reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.38 per share by the basic materials company on Monday, September 16th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, August 30th.

DuPont de Nemours has increased its dividend payment by an average of 6.3% per year over the last three years. DuPont de Nemours has a dividend payout ratio of 35.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DuPont de Nemours to earn $4.24 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 35.8%.

DuPont de Nemours Stock Up 0.6 %

DD stock opened at $80.49 on Friday. The company has a market capitalization of $33.65 billion, a P/E ratio of 98.16, a PEG ratio of 2.49 and a beta of 1.36. The firm has a 50 day simple moving average of $78.95 and a 200-day simple moving average of $74.59. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $82.63.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that DuPont de Nemours will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on DD. Barclays lifted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Wolfe Research began coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $80.00 to $103.00 in a research report on Friday, May 24th. UBS Group boosted their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.09.

Insider Transactions at DuPont de Nemours

In other news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the sale, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

About DuPont de Nemours

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.